The net earnings of Co. XY after income taxes of P 12,000 and bond interest of 7,500 was P 48,000. The number of times bond interest is earned is     a. 6.4        b. 7     c. 8      d. 9

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days.  What…

A: Given, Credit sales = $15,750,000. Days sales outstanding = 65 days.

Q: Given the following information, compute the current and quick ratios:   Cash $ 90,000 Accounts…

A: Liquidity ratios: Liquidity means that the ability of the business to pay its short term liabilities…

Q: A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable…

A:

Q: Given the following information, compute the current and quick ratios:   Cash $ 120,000 Accounts…

A: current ratio = current assets/ current liabilities                     = (cash +accounts receivable…

Q: Assuming 77 percent of sales are on credit, what is the company's days' sales in receivables?

A: Information Provided: Net Income = $191,000 Profit Margin = 9.10% Accounts Receivable = $106,919…

Q: Your company has net sales of $468,300 and average net receivables of $111,500 for the year. Which…

A: Step 1 Receivables Turnover Ratio =Net Sales / Average Accounts Receivables Average days to collect=…

Q: compute the current and quick ratios

A: Liquidity ratio is the ability of the business to pay the amount due as and when they occurs. These…

Q: OA $27,800 OB. $3,100 OC. $3,140 OD. $3,000

A: Answer : Cash receipt for interest = Beginning interest received  + Interest revenue - Ending…

Q: A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable…

A: Profit margin=Net income/SalesHence sales=(184000/0.085)=$2164705.88

Q: 4. Assume a business sold a total of $839,500 during the current year and its accounts receivable…

A: Number of days' sales in receivables is the number of days it take to collect the accounts…

Q: What is the correct debit/credit entry for... Company borrows $3 million from a bank with interest…

A: There are 3 golden rules for recording journal entry : 1. Debit what comes in , Credit what goes out…

Q: When $8,600 is invested in a savings account paying simple interest for the year, the interest, i in…

A: Given information,The equation i = 8,600r represents a simple interest calculation. It states that…

Q: Michaels Corp. has a current accounts receivable balance of $623,410. Credit sales for the year just…

A: Introduction: Accounts receivable turnover is the number of times a year that a business pays its…

Q: 1. a. The quick ratio is 0.09, cash is $10,000 and accounts receivable are $25,000. Accounts payable…

A: Quick ratio is a measure of company's liquidity which analyzes the company's ability to honor and…

Q: Twist Corporation has a current accounts receivable balance of $357,615. Sales for the year just…

A: Days sales in receivable is calculated by dividing the number of days in a year by receivable…